Free tool / Canadian dollars

Final expense calculator

Make a personal budget for one-time expenses and see what remains to be funded.

All amounts in Canadian dollars. Leave any field blank if it does not apply to you; blanks count as 0.

Funeral or memorial costs (CAD)

Use your own budget or a local provider estimate. Exclude costs entered below.

Burial or cremation costs (CAD)

Enter only the costs not already included in your funeral package.

Administration costs (CAD)

Your budget for certificates and professional assistance. This tool does not calculate probate fees or taxes.

Other one-time expenses (CAD)

For example, travel for family. Exclude debts counted in a separate coverage estimate.

Savings earmarked for these expenses (optional) (CAD)

Optional. Only funds available for these one-time costs.

Existing final-expense coverage (optional) (CAD)

Optional. The amount of existing coverage allocated to these expenses.

Your planning estimate

A clearer starting point.

Enter your numbers and select Calculate. Your result will appear here, with a breakdown.

An educational estimate, not a premium quote or approval decision. No inflation or investment returns are modelled.

How this estimate works

Funeral + burial or cremation + administration + other one-time expenses − earmarked savings − existing final-expense coverage.

If available resources exceed the costs entered, the result is zero. It never becomes a negative coverage amount.

A worked example

Illustrative example: $6,000 funeral + $3,000 burial or cremation + $1,000 administration + $2,000 other expenses − $4,000 earmarked savings − $3,000 existing coverage = $5,000 remaining estimated need. These figures are examples, not typical Canadian prices.

What to keep in mind

Only count each cost and each source of money once. Use amounts that reflect your household, rather than treating the example as a recommendation. Revisit your estimate when your circumstances change.

These tools do not model inflation, investment returns, taxes or insurance underwriting. Actual needs and available coverage can differ. Existing insurance may have exclusions, waiting periods or expiry dates. An advisor can help you understand these limits.

Source and approach

The Financial Consumer Agency of Canada explains the purposes of life insurance, including income replacement, dependent support, funeral expenses and debts. We use those categories in our own simple needs-minus-resources formulas. FCAC's former toolkit worksheet is currently offline. The agency has not endorsed these calculators.